Capital One breaks silence on shutting Trump Org. accounts
TheStreet
Last updated: August 5, 2026
Capital One has broken a five-year silence regarding the closure of accounts belonging to the Trump Organization. The financial institution has provided details in a Florida court about why these accounts were shut down.
- Capital One stated that its decision to close the Trump Organization's accounts was based on "legitimate business reasons." This statement comes after a prolonged period of no public comment on the matter, dating back five years. The bank did not elaborate on the specific nature of these business reasons in its court filing. This action by Capital One followed a lawsuit filed by the Trump Organization against the bank. The lawsuit alleged that Capital One wrongly terminated its business relationship with the organization. Capital One's response in court aims to justify its decision and counter the allegations made in the lawsuit. The financial institution maintains its right to choose its business partners.
